Start-up Business Current Account

We're proud to have been awarded Best Business Current Account Provider for the last 15 years and Business Bank of the Year for the last 3 years by Moneyfacts. We’ve also been recognized as Most Trusted Bank for Small Businesses by Moneywise in 2016.

Join the Best Business Current Account provider, and you'll get:

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Up to 18 months free day-to-day business banking

If your business is in its first year of trading and opening its first business current account with us, you’ll get 12 months free business banking, or 18 months if you are, or become, a 1I2I3 World or Santander Select customer.

After this free business banking period, you'll move to our £7.50 per month tariff.

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0.10% gross/AER (variable) on any credit balances

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cheque book and Visa debit card

This account is for small-to-medium sized businesses with up to two directors, owners (shareholders) or partners, trading less than 12 months and opening its first Santander Business Current Account.

Telephone Banking

Post Office

Business overdrafts (there are fees associated with your overdraft)

As part of your application, you can apply for a business overdraft from £500 to £25,000 (subject to acceptance). There is an Arranged Overdraft annual fee of 1% of the agreed overdraft (minimum fee £50). The Arranged Overdraft interest rate and Representative rate is 5.5% EAR (variable) (Bank of England base rate plus 5%) and the Unarranged Overdraft interest rate is 25.5% EAR (variable) (Bank of England base rate plus 25%). The unpaid item fee is £15.

How to apply

You can apply for a Start-Up Business Current Account if:

your business is in its first year of trading and opening its first business current account with us

you are aged 18 or over

you have a UK registered business

your business has up to two directors, owners (shareholders) or partners

you are either a sole trader, or your business is a partnership, limited liability partnership, private limited company, or a trust

Please read the important information below before applying

Important information

A Santander 1I2I3 World customer is someone who holds one of our 1I2I3 current accounts, 1I2I3 Credit Card (including additional card holders) or the 1I2I3 Mini Account (in Trust). Trustees are not classed as 1I2I3 World customers. All customers must meet the eligibility for each product and 1I2I3 World offer. To join Santander Select you must have a current account with Santander and meet one of the following criteria: pay in your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts); or maintain £75,000 in any Santander investment(s), savings or current accounts or have a property worth at least £500,000 with a Santander mortgage.

Subject to availability and may be withdrawn without notice at any time.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate that we pay where no income tax has been deducted. Interest is calculated daily and paid monthly. Rates may change. EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our Terms and Conditions.

Information is correct as of 30 March 2017.

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Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.